SUBSCRIBERS

SMEs' next big investment push: transformative technology

Tech such as AI, machine learning, blockchain, robotic process automation to be top priority by 2022, says EY report

Mindy Tan
Published Tue, Jun 18, 2019 · 09:50 PM

Singapore

INVESTMENT in technology is reaching a key milestone, according to a new EY report which found that small and medium enterprises across South-east Asia (SEA) expect to make investments in transformative technologies an investment priority over current technologies in as little as three years.

These businesses, which hail from Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, now focus their investment on current technologies (77.2 per cent), transformative technologies (76.4 per cent) and fixed assets (74.0 per cent).

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here